Just a little follow up to my preview post earlier
It's being noted that intraday accounts are behind this rally-ette today. That's going to add some weight to my thinking that we may see a sharp drop if these sorts of traders don't get any headlines in their favour. If there's a whiff of dovishness from Draghi, these folks aren't going to stick around for the rest of the party, as much as longer-term traders might.
If they do get things going their way then they are likely to be offloading those longs as everyone else tries to play catch up.
In the meanwhile, and pretty much concurrent with Mike's order board. Offers sit at 1.1305 and around 1.1320 and up at 1.1370/90.
